Bitfarms (NASDAQ:BITF – Get Free Report) and Qifu Technology (NASDAQ:QFIN – Get Free Report) are both business services companies, but which is the superior stock? We will contrast the two businesses based on the strength of their analyst recommendations, valuation, dividends, risk, profitability, earnings and institutional ownership.
Analyst Recommendations
This is a breakdown of recent ratings and target prices for Bitfarms and Qifu Technology, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Bitfarms | 0 | 1 | 4 | 0 | 2.80 |
| Qifu Technology | 0 | 0 | 2 | 0 | 3.00 |
Bitfarms presently has a consensus target price of $3.66, suggesting a potential upside of 89.64%. Qifu Technology has a consensus target price of $23.80, suggesting a potential downside of 26.77%. Given Bitfarms’ higher probable upside, equities research analysts clearly believe Bitfarms is more favorable than Qifu Technology.
Valuation & Earnings
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Bitfarms | $172.70 million | 4.57 | -$104.04 million | ($0.38) | -5.08 |
| Qifu Technology | $14.02 billion | 0.37 | $603.58 million | $3.86 | 8.42 |
Qifu Technology has higher revenue and earnings than Bitfarms. Bitfarms is trading at a lower price-to-earnings ratio than Qifu Technology, indicating that it is currently the more affordable of the two stocks.
Risk and Volatility
Bitfarms has a beta of 3.63, meaning that its stock price is 263% more volatile than the S&P 500. Comparatively, Qifu Technology has a beta of 0.62, meaning that its stock price is 38% less volatile than the S&P 500.
Insider & Institutional Ownership
20.6% of Bitfarms shares are owned by institutional investors. Comparatively, 74.8% of Qifu Technology shares are owned by institutional investors. 9.5% of Bitfarms shares are owned by company insiders. Comparatively, 17.1% of Qifu Technology shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.
Profitability
This table compares Bitfarms and Qifu Technology’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Bitfarms | -62.79% | -18.94% | -16.08% |
| Qifu Technology | 28.06% | 21.82% | 10.30% |
Summary
Qifu Technology beats Bitfarms on 10 of the 14 factors compared between the two stocks.
About Bitfarms
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was founded in 2017 and is based in Toronto, Canada.
About Qifu Technology
Qifu Technology, Inc., through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service. The company also offers e-commerce loans, enterprise loans, and invoice loans to SME owners. It serves financial institutions, consumers, and small- and micro-enterprises. The company was formerly known as 360 DigiTech, Inc. and changed its name to Qifu Technology, Inc. in March 2023. The company was founded in 2016 and is headquartered in Shanghai, the People's Republic of China.
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